Sandvik Acquires ICAM Technologies Corporation

Sandvik Acquires CAM Reseller Cimquest

February 26, 2024

Industrial Services

Sandvik AB has signed an agreement to acquire Cimquest, a Branchburg, New Jersey-based reseller of Mastercam CAD/CAM software and distributor of additive (3D printing) products. Cimquest will become part of Sandvik’s Mastercam business unit within Sandvik Manufacturing and Machining Solutions; the company has about 55 employees and reported ~USD 26m revenue in 2023.

Sandvik (Mastercam) Acquires Barefoot CNC, CAD/CAM Solutions, CamTech Engineering Services and CIMCO probing & post-processor business

March 3, 2025

Software

Sandvik AB, via its Mastercam business unit, has acquired three US-based Mastercam channel partners — Barefoot CNC, CAD/CAM Solutions and CamTech Engineering Services — and the probing and post processor business lines from Denmark-based CIMCO Group. The deals strengthen Mastercam's regional presence across the U.S. Southeast and add CIMCO's probing and post-processor technology to Mastercam's product suite to expand digital manufacturing capabilities.

Sandvik / Mastercam Acquires FASTech (CAM Reseller)

January 3, 2025

Software

Sandvik AB, through its Mastercam business unit, has acquired the assets/business of FASTech, a Mastercam channel reseller headquartered in Findlay, Ohio. FASTech will be integrated into Mastercam and reported within Sandvik Manufacturing and Machining Solutions; the parties did not disclose the purchase price. The acquisition strengthens Sandvik/Mastercam's CAM capabilities and regional presence serving manufacturing customers in the US Midwest.

Mastercam Acquires CAM Business Line of MLC CAD Systems

February 3, 2026

Software

Mastercam, part of the Sandvik Group, has acquired the CAM business line of longtime channel partner MLC CAD Systems to strengthen its localized support and market presence across the Western and Southwestern United States. MLC CAD Systems will continue to collaborate with Mastercam as a technical solutions provider while transitioning its CAM customers and regional expertise into Mastercam's direct operations.

Sandvik Acquires QTE Manufacturing Solutions

November 3, 2025

Software

Sandvik AB has acquired QTE Manufacturing Solutions (QTE), a US-based reseller of Mastercam CAM software as well as Verisurf metrology and Vericut CNC simulation software. QTE, headquartered in St. Charles, Missouri, has 12 employees and reported around SEK 45 million in revenue in 2024; it will become part of Sandvik's Mastercam business unit within the Machining and Intelligent Manufacturing area. The purchase price was not disclosed.

Sandvik / Mastercam Acquires MCAM Northwest, ShopWare and OptiPro Systems' CAD/CAM Business

February 3, 2025

Software

Sandvik (through its Mastercam business unit) has acquired three US-based Mastercam resellers: MCAM Northwest, ShopWare and the CAD/CAM solutions business line of OptiPro Systems (parent Brightside 09, Inc.). The deals add roughly 32 employees and about USD 10 million of combined 2024 revenue to Mastercam, strengthening regional presence and support capabilities across the US; the purchase price was not disclosed.